Fundamental Freddie Weekly Report – 20-Jan-13

Those trading the “Loonie” (Canadian Dollar (CAD)) should be extra cautious this week. There are 3 major news events due out and all of them will contribute to the Loonies Short term direction.

The least likely news event in Canada to surprise this week is the Rate Statement on Wednesday. The Core Retail Sales (Tuesday) and Core CPI (Friday) are much more likely to surprise should the figures be better or worse than expected.

It is well worth more cautious traders considering avoiding all trades involving the Canadian Dollar next week completely.

[notify_box font_size=”13px” style=”blue”]Remember, Better than expected figures for either Retail Sales or CPI should be good for the Loonie meaning USDCAD, For example, should move DOWN[/notify_box]

Please also note that the US Markets are closed on Monday due to Martin Luther King Day.

This Weeks News

As always, here is a list of the major news events for the week ahead (source = Forex Factory):

I accept no liability for loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on any information in this report or analysis.